Ed Seykota Quotes

Quotes about:

• The trading rules I live by are: 1. Cut losses. 2. Ride winners. 3. Keep bets small. 4. Follow the rules without question. 5. Know when to break the rules.

  Ed Seykota

  Inspirational, Cutting, Loss

  78 Copy quote

• If you can't take a small loss, sooner or later you will take the mother of all losses.

  Ed Seykota

  Mother, Loss, Sooner Or Later

  64 Copy quote

• In order of importance to me are: 1) the long term trend, 2) the current chart pattern, and 3)picking a good spot to buy or sell.

  Ed Seykota

  Order, Long, Trends

  39 Copy quote

• Charting is a little like surfing. You dont have to know a lot about the physics of tides, resonance, and fluid dynamics in order to catch a good wave. You just have to be able to sense when its happening and then have the drive to act at the right time.

  Ed Seykota

  Order, Surfing, Dynamics

  48 Copy quote

• Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.

  Ed Seykota

  Winning, People, Want

  "Market Wizards: Interviews with Top Traders". Book edited by Jack D. Schwager, 1989.

  56 Copy quote

• A lot of people would rather understand the market than make money

  Ed Seykota

  People, Making Money

  54 Copy quote

• If you want to know everything about the market, go to the beach. Push and pull your hands with the waves. Some are bigger waves, some are smaller. But if you try to push the wave out when it's coming in, it'll never happen. The market is always right.

  Ed Seykota

  Beach, Hands, Trying

  "Trading 102: Getting Down to Business". Book by Sunny J Harris, 1998.

  47 Copy quote

• The elements of good trading are: 1, cutting losses. 2, cutting losses. And 3, cutting losses. If you can follow these three rules, you may have a chance.

  Ed Seykota

  Cutting, Loss, Three

  39 Copy quote

• It can be very expensive to try to convince the markets you are right.

  Ed Seykota

  Trying, Convince, Expensive

  "Trend Following: Learn to Make Millions in Up or Down Markets". Book by Michael Covel, 2009.

  45 Copy quote

• The trend is your friend except at the end where it bends.

  Ed Seykota

  Trends, Ends

  "Technical Analysis". Book by Jack D. Schwager, 1995.

  34 Copy quote

• Risk no more that you can afford to lose, and also risk enough so that a win is meaningful.

  Ed Seykota

  Meaningful, Winning, Risk

  34 Copy quote

• Traders and Surfers both have to deal with feelings of missing out on the small ones, until the big one comes along. They also have to deal with feelings of staying with the big one.

  Ed Seykota

  Missing, Feelings, Surfer

  53 Copy quote

• My style is basically trend following, with some special pattern recognition and money management algorithms.

  Ed Seykota

  Style, Special, Algorithms

  53 Copy quote

• It’s all about sticking to your plan and experiencing feelings as they arise. If you are unwilling to feel your feelings, the temptation is to avoid them by jumping off your system

  Ed Seykota

  Jumping, Temptation, Feelings

  26 Copy quote

• Trend following is an exercise in observing and responding to the ever-present moment of now

  Ed Seykota

  Exercise, Trends, Moments

  30 Copy quote

• Trying to trade during a losing streak is emotionally devastating. Trying to play 'catch up' is lethal.

  Ed Seykota

  Play, Trying, Losing

  32 Copy quote

• Longevity is the key to success.

  Ed Seykota

  Keys, Key To Success, Longevity

  6 Copy quote

• Losing a position is aggravating, whereas losing your nerve is devastating.

  Ed Seykota

  Nerves, Losing, Position

  8 Copy quote

• Working to anticipate the future can be a distraction from the important task of dealing with the present.

  Ed Seykota

  Important, Tasks, Distraction

  28 Copy quote

• Dramatic and emotional trading experiences tend to be negative. Pride is a great banana peel, as are hope, fear, and greed. My biggest slip-ups occurred shortly after I got emotionally involved with positions.

  Ed Seykota

  Pride, Emotional, Greed

  "Market Wizards: Interviews with Top Traders". Book by Jack D. Schwager, 1989.

  27 Copy quote

• Trends become more apparent as you step further away from the chart.

  Ed Seykota

  Trends, Steps

  35 Copy quote

• I don’t predict a nonexisting future.

  Ed Seykota

  9 Copy quote

• Markets are fundamentally volatile. No way around it. Your problem is not in the math. There is no math to get you out of having to experience uncertainty.

  Ed Seykota

  Math, Way, Problem

  19 Copy quote

• Pyramiding instructions appear on dollar bills. Add smaller and smaller amounts on the way up. Keep your eye open at the top.

  Ed Seykota

  Eye, Dollar Bills, Dollars

  "Trend Following: Learn to Make Millions in Up or Down Markets". Book by Michael Covel, 2009.

  41 Copy quote

• If you can't measure it, you probably can't manage it Things you measure tend to improve.

  Ed Seykota

  Manage, Ifs

  17 Copy quote

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